Strategy Boosts USD Reserve to $1.4B, Buys $34.9M in Bitcoin
19 Articles
19 Articles
Strategy Grows Cash Reserve To $1.4 Billion While Adding 520 Bitcoin
Strategy bought 520 Bitcoin for $34.9 million between June 15 and June 21, according to an 8-K filing with the SEC. The average price paid was $67,068 per coin. The purchase brings the company's total holdings to 847,363 BTC.The company also added $300 million to its US dollar reserve, lifting that fund to $1.4 billion. Both moves were funded by $335.5 million raised through sales of Strategy's Class A common stock, ticker MSTR, under its at-the…
Strategy further increased its holdings of Bitcoin by acquiring 520 BTC for approximately $34.9 million, a transaction that reinforces its position as the largest company listed with cryptocurrency reserves. The purchase, made between June 15 and 21, occurs in a context in which the company also increased its dollar liquidity and opted to finance acquisitions by selling ordinary shares, while one of its preferred instruments continues to show we…
Strategy used $300 million of MSTR dilution to backstop its Bitcoin’s biggest buying machine
Strategy (formerly MicroStrategy) raised $335.5 million by selling common stock last week, then placed almost 90% of the proceeds into cash rather than Bitcoin as the company moved to shore up the preferred securities financing its cryptocurrency purchases. The company sold about 2.71 million MSTR shares between June 15 and June 21 and added $300 million to its US dollar reserve, lifting the fund to $1.4 billion. It spent the remaining $34.9 mil…
Strategy Dilutes MSTR Stock Holdings In Fresh 520 Bitcoin Purchase
Key Insights: Strategy sold 2.71 million MSTR shares, generating $335 million cash, and adding it to its USD reserves. Strategy now holds 847,363 BTC acquired for about $64.1 billion. Strategy increased its U.S. dollar reserve from $1.1 billion to $1.4 billion, and now has 10 months of dividend coverage. Analysts remain bullish for the MSTR stock which is trading at its 2026-low. Michael Saylor’s Strategy announced yet another 520 Bitcoin purch…
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